Daily Pivots: (S1) 1.0873; (P) 1.0887; (R1) 1.0900; More… Intraday bias in EUR/USD remains on the downside for the moment. Fall from 1.0980 short term top would target 55 D EMA (now at 1.0856). Sustained Read more…
Daily Pivots: (S1) 148.34; (P) 148.75; (R1) 149.47; More… Intraday bias in USD/JPY remains on the upside for the moment. Corrective fall from 150.87 should have completed at 146.47, after drawing support from 38.2% retracement Read more…
Daily Pivots: (S1) 1.2721; (P) 1.2741; (R1) 1.2755; More… Intraday bias in GBP/USD remains mildly on the downside at this point. Fall from 1.2892 short term top should target 55 D EMA (now at 1.2673). Read more…
Daily Pivots: (S1) 0.8818; (P) 0.8836; (R1) 0.8852; More…. Intraday bias in USD/CHF stays mildly on the upside at this point. Consolidation from 0.8884 should have completed with three waves to 0.8728. Further rally should Read more…
Daily Pivots: (S1) 1.3518; (P) 1.3535; (R1) 1.3560; More… Intraday bias in USD/CAD remains mildly on the upside at this point. Further rise should be seen to retest 1.3605 resistance first. Firm break there will Read more…
DXY: For DXY, the potential direction is bearish, despite the overall bullish momentum of the chart. There’s a chance of a bearish reaction off the pivot level, leading to a drop towards the 1st support. Read more…
Daily Pivots: (S1) 0.6546; (P) 0.6566; (R1) 0.6579; More… Intraday bias in AUD/USD stays on the downside as fall from 0.6666 short term top is in progress. Deeper decline would be seen to 0.6476 support Read more…
Yen softened slightly in Asian session today, influenced by a robust rebound in strong rebound in Nikkei. Meanwhile, New Zealand Dollar received a modest boost, buoyed by an upturn in the country’s services data. This Read more…
Key Highlights EUR/USD started a downside correction from the 1.0980 zone. A connecting bullish trend line is forming with support at 1.0885 on the 4-hour chart. GBP/USD slipped below the 1.2800 support zone and tested Read more…
China’s industrial production grew 7.0% yoy in the January-February period , above expectation of 5.3% yoy During the same period, retail sales rose 5.5% yoy, below expectation 5.6% yoy. Fixed asset investment rose 4.2% yoy, Read more…